Plan Ledger DOL Form 5500 · updated monthly

Lancaster Development, Inc.Profit-sharing plan

EMPIRE STATE HIGHWAY CONTRACTORS ASSOCIATION, INC. RETIREMENT PLAN FOR THE EMPLOYEES OF LANCASTER DEVELOPMENT, INC. · RICHMONDVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Lancaster Development, Inc. reported $91,525 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $14,640 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.26% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,472nd-largest of 5,648 plans among New York employers on file, and the 1,128th of 5,337 in construction. In 2024, the employer put in $17.88 for every $1.00 employees contributed themselves; active participation has shrunk from 133 to 94 since 2022.

Plan summary
Net assets, end of year$45,056,357
Participants with balances337
Active participants94
Employer contributions$1,376,197
Employee contributions$76,948
Employer contribution per active participant$14,640
Average account balance$133,698
Benefits paid to participants$4,827,034
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY, MORAN, FREER & EASSA CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$45.1M · 337 accts · $1.4M emplr
2023$44.7M · 344 accts · $705K emplr
2022$44.3M · 370 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,282
Audit (IQPA)$11,251
Total administrative$91,525
Employer contributions to the Lancaster Development, Inc. plan · 2024
Employer contribution per active participant$14,640
Median for plans this size$2,416
2024$14,640 per active participant
2023$8,195 per active participant
2022$20,441 per active participant

Lancaster Development, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MILLIMAN, INC. · Recordkeeping · Pension consulting$37,328
FIRLEY, MORAN, FREER & EASSA,CPA PC · Accounting / audit$11,251

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$91,525 · 0.20%
2023$116,080 · 0.26%
2022$124,273 · 0.26%
Same employer
Similar plansConstruction · New York
The Dimarco Group, LLC NY$44.7M · 0.35%
Halmar International, LLC NY$44.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160723953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.